Turnover growth of retail trade enterprises continued in January

The turnover of stores selling manufactured goods increased by 11% and the turnover of grocery stores by 5% compared to January of the previous year. The turnover of enterprises engaged in the retail sales of automotive fuel decreased by 17%. The turnover fall of these enterprises was influenced by the high reference base of January of the previous year and continuing price increase of automotive fuel.

Compared to December, the turnover of retail trade enterprises decreased by 16% in January. This is a usual fall following the Christmas and turn-of-the-year sales in December. According to the seasonally and working-day adjusted data, retail sales increased by 1% compared to the previous month.

The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board. Statistics Estonia published the monthly summary in three working days. Statistics Estonia performs the statistical activity “Financial statistics of trade enterprises (monthly)” for the Ministry of Economic Affairs and Communications.